Saturday 10 December 2016

Ex-Fifa chief Jeffrey Webb posts luxury goods to secure 10m dollar bond

Published 20/07/2015 | 18:57

Jeffrey Webb appeared before a US judge on Saturday to enter a not guilty plea in a massive corruption case
Jeffrey Webb appeared before a US judge on Saturday to enter a not guilty plea in a massive corruption case

Former Fifa vice president Jeffrey Webb has put up 11 luxury watches and other items to secure the 10 million dollar (£6.4 million) bond that provided his release from custody on racketeering and bribery charges.

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According to an order setting the conditions for his release, Webb secured the bond with five Rolex watches plus a Cartier Roadster, Hublot, Breitling, Panerai, Royal Oak Offshore and Luminor Marina watches.

He also put up his wife's diamond wedding ring, three luxury cars - a new Ferrari, a 2014 Range Rover and a 2003 Mercedes-Benz - 10 properties and a 400,000 dollar (£256,000) account in his wife's name.

The US government noted that the Hublot has not yet been turned over to the FBI and must be provided by August 2.

The list came after Webb appeared before a US judge on Saturday to enter a not guilty plea in a massive corruption case that has rocked international football.

Six more Fifa officials are charged and are fighting extradition.

Webb, 50, surrendered three passports - two from the United Kingdom and one from the Cayman Islands - and will be required to wear an electronic monitoring device as a condition of his release.

His bond was secured by 10 different people including his wife and her parents, who were in the courtroom.

The seven Fifa officials were detained in Switzerland last spring. Prosecutors allege they plotted to pay bribes of more than 150 million dollars (£96 million) - tied to the award of broadcasting and hosting rights for the World Cup and other tournaments - over a 24-year period.

Following the indictment, Webb received a provisional ban and was replaced as the Fifa vice president from the North and Central American and Caribbean region. Webb was also president of Concacaf, the regional governing body for football in North America, Central America and the Caribbean.

A total of 14 men - nine football officials and five marketing executives - were indicted by the US Justice Department in May, including former Fifa vice president Jack Warner, who is resisting extradition from Trinidad and Tobago. The revelations prompted Fifa president Sepp Blatter to resign within days of the arrests.

Webb promised reform when he was elected in 2012 to succeed Warner as president of Concacaf.

Other conditions of his release include having no contact with Fifa or Concacaf officials, nor any of his alleged co-conspirators, prosecutors said during the court proceeding in Brooklyn.

He was ordered to remain in the New York metropolitan area until his trial. He agreed to pay the cost for a private security firm to conduct around-the-clock monitoring of his whereabouts.

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